Question ID :
FORMATION OF NEW COMPANY OUT OF INDIA (CHINA)
Facts of the case-
The Assessee is engaged in the Manufacturing-cum-Trading business and wants to incorporate a company/joint venture in foreign country (china) and make some investment by the Indian Company and some by Chinese Investors.
1) what is the procedure for investment in Chinese Company by Indian company?
2) The RBI & FEMA compliances in the said case?
3) Please suggest what will be tax compliance under these transactions?
GOPAL KUMAR AGRAWAL
Feb 05, 2019